Funding you earn now, next payment 00:00 UTC+0.0328%/8h= +35.9% APRnext payment +$1.64 per $10,000 · paid last 24h +0.009%
Price spread now: BingX against Bybit+0.071%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$880.879% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 7 days−0.084%−$8 · spread now +0.071%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BingX is 0.064% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.007%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.64 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKYUSDT | 0.07039 | −0.0228 | get 0.0114% / 4h | 8m 20s | $7.6M | $3.3M | 25x |
| Short | BingX SKY-USDT | 0.07044 | 0.0100 | get 0.0050% / 4h | 8m 20s | — | $2.4M | — |
Bybit SKYUSDT
BingX SKY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $68.89
- Price spread: +0.071% → +0.007%
- $6.4
- Slippage, 4 orders
- −$66.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$12.62
- Costs to cover
- 0.879%
- Break-even
- 8.3 days
Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 11 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 5 min ago | 1.42 bp | 30.2 bp −$30 | 323.2 bp −$3,232 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 3.55 bp | 20.4 bp −$20 | 59.9 bp −$599 | 261.9 bp −$26.2K | 841.3 bp −$420.7K |
SKY on 18 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0699% | 4h | 0.07032 | −0.100% | $193K | $104K | — | as long as short |
| Bybit SKYUSDTlong | −0.0228% | 4h | 0.07039 | long leg | $7.6M | $3.3M | 25x | |
| Nado SKY-PERP | +0.0067% | 1h | 0.07048 | +0.128% | $70K | $25K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07053 | +0.192% | $188K | $159K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07051 | +0.165% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07051 | +0.165% | $16.0M | $10.2M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07047 | +0.114% | $850K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07040 | +0.014% | $602K | $259K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07049 | +0.142% | $1.1M | $288K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07043 | +0.057% | $420K | $290K | 50x | as long as short |
Variational Omni SKY
Nado SKY-PERP
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKYUSDT | +0.0100% | 4h | 0.07046 | +0.099% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDTshort | +0.0100% | 4h | 0.07044 | +0.071% | — | $2.4M | — | |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07044 | +0.071% | $22K | $680K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07051 | +0.165% | $1K | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0146% | 4h | 0.07042 | +0.043% | $587K | $29K | 75x | as long as short |
| Injective SKY/USDC PERP | +0.0158% | 1h | 0.07172 | +1.889% | $392 | $303K | 12x | as long as short |
| Hyperliquid SKY | +0.0211% | 1h | 0.07062 | +0.325% | $3.0M | $889K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0526% / S −0.0248% | 1h | 0.07049 | +0.145% | $83K | — | 50x | as long as short |
Bitget SKYUSDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Injective SKY/USDC PERP
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]